Technical Analysis on Gold [16-06-2021]

in #forex • 3 years ago

I am sharing my technical analysis on Gold so that you can take your decision on Gold trades. It has tried to break the range on the downside but had been rejected from 1850 level.

image.png

Upside Scenario

It has been trying to break above in London session and it will break after FED interest rate decision. It can reach to 1896 level again to test the upper resistance of the current range.

Downward Scenario

If we can see some downward momentum after FED news then we need a clear break of the 1850 area for the shift of trend towards downside.

I will be sharing technical analysis of forex and crypto assets in the coming days. These technical analysis are for educational purposes only and should not be considered a financial advice.

#gold #analysis #steemit
3 years ago in #forex by
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